In: Economics
Why might a firm delegate decision making?
Delegating decision making in a firm is a effective process of aquiring higher level of quality work from the employees who have proper knowlege of product and services on the stipulated field. delegating decision making process to lower level employees by the higher level employees enable them to accomplish the given task with more dedication. Lower level employees feel more motivated when they are entrusted with decision making process in an organisation as they get the chance to showcase their talents in their assigned task which is very important for them due to large number of employees. Besides effective delegation by higher authorities saves their precious times and let them plan for other tasks like marketing strategy and future planning. Besides delegating decision making process on skilled staffs results the best outcome as entrusted employees feel more accountable to their tasks. So Firms might delegate their decion making on employees if they are highly qualified and skilled for the best possible result.